Is the General Release signed when purchasing a Crave Cookies franchise?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
[This is our current standard form of General Release. This document is not signed when you purchase a franchise. In circumstances such as a renewal of your franchise or as a condition of our approval of a sale of your franchise, we may require you to sign a general release.]
This General Release ("Release") is executed by the undersigned ("Releasor") in favor of Crave Cookies Franchising, LLC, a Utah limited liability company ("Crave Cookies Franchising").
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, a General Release is not signed when initially purchasing a franchise. The document states that the standard form of General Release is typically required in circumstances such as a franchise renewal or as a condition for approving the sale of an existing franchise.
The General Release, as described in the FDD, involves the franchisee (referred to as the "Releasor") releasing Crave Cookies Franchising from any and all claims, causes of action, and liabilities. This includes those known or unknown, that the franchisee may have against Crave Cookies Franchising, arising out of events through the date of the release, including anything related to the Franchise Agreement.
Furthermore, the franchisee agrees not to initiate any legal proceedings against Crave Cookies Franchising. The franchisee also confirms that they have the authority to sign the release and have had the opportunity to consult with legal counsel. However, the release does not apply to any liability under the Maryland Franchise Registration and Disclosure Law or claims arising under the Washington Franchise Investment Protection Act.